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- Question
Product costs are also called
Options- A. Inventoriable Costs
- B. Voluntary Costs
- C. Vulnerable Costs
- D. None of the above
- Correct Answer
- Inventoriable Costs
ExplanationProduct costs are also called Inventoriable Costs, since the product costs are used to value their goods in inventory.
- 1. A monopoly is a market that has
Options- A. single seller
- B. single buyer
- C. single seller and single buyer
- D. a seller but no buyer Discuss
- 2. The Business Entity concept means that Discuss
- 3. Which of the following does not motivate entrepreneurs?
Options- A. Security
- B. Profit
- C. Freedom
- D. Innovation Discuss
- 4. Equivalent units of production are equal to
Options- A. number of whole units that could have been completed if all work of the period had been used to produce whole units
- B. identifiable units existing at the end of the period in a production department
- C. units completed by a production department in the period
- D. number of units worked on during the period by a production department Discuss
- 5. Sales promotions include all of the following except
Options- A. Online Ads
- B. Coupons
- C. Free Samples
- D. Rebates Discuss
- 6. How much loan amount was sanctioned by The World Bank to help India develop its first modern waterway?
Options- A. $575 million
- B. $275 million
- C. $375 million
- D. $475 million Discuss
- 7. Chennai-based FMCG company, CavinKare has made an entry into homecare segment by launching a liquid toilet cleaner. The brand name of the toilet cleaner is
Options- A. Tavex
- B. Tex
- C. Texco
- D. Domotex Discuss
- 8. Black markets are associated with
Options- A. Price floors and the resulting product shortages
- B. Ceiling prices and the resulting product shortages
- C. Price floors and the resulting product surpluses
- D. Ceiling prices and the resulting product surpluses Discuss
- 9. An improvement in production technology will
Options- A. shift the supply curve to the left
- B. shift the demand curve to the left
- C. shift the supply curve to the right
- D. increase equilibrium price Discuss
- 10. The advantages of being an entrepreneur are
Options- A. making the important decisions
- B. you choose the work you like to do
- C. opportunity to be your own boss
- D. All of the above Discuss
Business Awareness problems
Search Results
Correct Answer: single seller
Explanation:
A monopoly is a market that has a single seller of a unique product in the market. He does not have any competition in the market as he has no substitute product for the product he is selling.
Correct Answer: The Business Entity concept is also called as Separate Entity or Economic Entity concept This concept states that the transactions and all the balances related or associated with a business must be recorded or accounted separately from other businesses or the individual personal transactions
Correct Answer: Security
Explanation:
Security in a business does not motivate entrepreneurs. An entrepreneurs primary motivation to start a business is to be independent.
Correct Answer: number of whole units that could have been completed if all work of the period had been used to produce whole units
Explanation:
Equivalent units of production are equal to number of whole units that could have been completed if all work of the period had been used to produce whole units.
Correct Answer: Online Ads
Explanation:
Sales promotion uses both media and non-media marketing communications for a pre-determined, limited time to increase consumer demand, stimulate market demand or improve product availability.
Sales promotions include Coupons, Rebates, Free Samples, etc... Online Ads come under advertising form.
Correct Answer: $375 million
Correct Answer: Tex
Correct Answer: Ceiling prices and the resulting product shortages
Correct Answer: shift the supply curve to the right
Explanation:
An improvement in production technology will shift the supply curve to the right.
Correct Answer: All of the above
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